After hovering around historical lows until mid-2010, the transaction cost index has risen sharply in the last two months.<\/p>\n
The average order fees of the indexed online brokers in German-speaking countries increased by 0.91 points compared to October. And compared to September 2010 (69.74 points), this was even an increase of 2.49 points in the last two months together.<\/p>\n
With this the Transaction Cost Index<\/a> reached 72.23 points in November 2010, its highest level since January 2008. The lowest level in its history was reached in August 2008 with 69.02 points.<\/p>\n The renewed increase in the transaction cost index is due to the divestment of the German business of the Swedish Online Brokers Nordnet<\/a> to the OnVista Bank<\/a> and the associated withdrawal of Nordnet from the German brokerage market.<\/p>\n Since the Discount broker SEBdirect<\/a> announced the introduction of a new pricing model as of Jan. 1, 2011, a slight increase in the transaction cost index is again expected at the beginning of the new year according to current knowledge.<\/p>\n A detailed overview and an independent Comparison of online brokers<\/a> is available free of charge at www.broker-test.de. Here you will find with the Fee calculator<\/a> a tool that calculates the cost of a stock purchase in advance and compares it between brokers.<\/p>\n About the Transaction Cost Index<\/strong><\/p>\n The Broker-Test.de Transaction Cost Index represents the ongoing development of average transaction costs since July 2000 on a monthly basis. The starting point is July 2000 with an index value of 100. The transaction cost index includes the transaction costs incurred for ten different order volumes with the online brokers relevant in Germany. Thus, it also includes fluctuations due to the market entry of new brokers or the market exit of brokers.<\/p>\n The transaction cost index is updated at the beginning of each month at:
\nwww.broker-test.de\/transaktionskosten-index\/tools<\/a><\/p>\n